3-3-11 Iraq’s Electricity Minister asks China for soft loans to finance the energy project

Highlights/Thoughts
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1. The media spokesman for the ministry of electricity said asked China to give them a soft loan for the establishment of a major project to provide energy
2. Last month, the ministry of electricity announced its intention to launch licensing rounds for investment in the electricity sector in the country
3. The project includes the establishment of maintenance centers and the transfer of national power grids to air and ground to organize the distribution of power stations, distribution centers, and the establishment of sophisticated communications
4. He explained that if the Chinese government approved, the project will estimate the proportion of the loan, and the project will be granted to Chinese companies
5. They are waiting for a response from China on the soft loan